![]() Asset Class: | Industrial |
![]() Price: | $ 3200000 |
![]() Net Yield: | 5.52 % |
![]() Net Yield - including solar strategy: | % |
![]() Property Market Status: | Pre Market |
<b>New Industrial Asset with Secure Lease, Fixed Growth & Strong Depreciation Benefits</b><br><br><span style="font-weight:normal;">This off-market opportunity presents a new, prime-grade industrial facility in Hallam’s tightly held industrial precinct, just 32km south-east of Melbourne CBD. Offering secure income growth, the property is leased to Industrial Rubber Supplies (IRS) Pty Ltd, a well-established Australian manufacturer and distributor, on a 5-year lease with 4% fixed annual increases.</span><br><span style="font-weight:normal;">With excellent access to Princes Highway, South Gippsland Highway, Monash Freeway, and Eastlink, the property is highly functional, featuring 8.2m internal clearance, 2 roller doors, and 18 on-site car spaces. Its strong lease covenant, fixed rental growth, and substantial depreciation benefits from new construction make it a highly attractive long-term investment.</span><br><br><b>Investment Highlights</b><br><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>New Prime-Grade Facility</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> – Completed in 2023, offering strong depreciation benefits and minimal capital expenditure</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Secure Lease Terms with Fixed Growth</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> – 5-year lease with 4% annual increases and a 5-year renewal option</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Strong Tenant Covenant</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> – Leased to Industrial Rubber Supplies (IRS) Pty Ltd, an established national supplier with over 35 years in business</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Excellent Location & Connectivity</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> – Positioned in the City of Casey industrial corridor, with direct access to major arterial roads</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>High Clearance & Accessibility</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> </span></p></li></ul><span style="font-weight:normal;">8.2m internal clearance, 2 roller doors, and 18 on-site car spaces</span>
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Hallam, located approximately<b> 35 kilometres</b> <b>southeast of Melbourne’s CBD</b>, has become a significant <br>industrial and logistics hub, playing a crucial role in the expanding southeast corridor of Melbourne. Its <br>well-connected location and thriving industrial estates make it a prime spot for warehousing, <br>distribution, and last-mile delivery operations. Hallam serves as an essential part of the logistics network <br>for both local businesses and those servicing the greater Melbourne area. <br><br><b>Proximity to Major Transport Networks </b><br><br>Hallam enjoys excellent connectivity with key transport routes, including the Princes Highway, Monash <br>Freeway, and South Gippsland Highway, which offer efficient access to Melbourne’s ports, airports, and <br>regional Victoria. Additionally, its proximity to the EastLink tollway enhances its capabilities as a strategic <br>logistics hub, allowing rapid transport of goods throughout Melbourne and beyond. <br><br><b>Industrial and Commercial Activity </b><br><br>Hallam is home to a mix of large and medium-sized industrial businesses, contributing to its reputation <br>as a significant player in Melbourne’s industrial landscape. With companies specializing in <br>manufacturing, warehousing, and transport services, Hallam’s industrial zones are critical for supply <br>chain operations across Melbourne’s southeast. The area's ongoing development has made it attractive <br>to a range of industries, including furniture, automotive, and construction supplies. <br><br><b>Workforce Accessibility </b><br><br>The industrial sector in Hallam benefits from a strong local workforce, experienced in manufacturing, <br>logistics, and transport. This skilled labour pool is supported by the area’s excellent transport links, <br>allowing companies to efficiently manage their operations and meet the demands of a growing <br>population in the southeast. <br><br><b>Strategic Importance for Last-Mile Deliveries </b><br><br>Hallam’s industrial estates are strategically positioned to support last-mile delivery services, crucial for <br>businesses meeting the growing demand from Melbourne’s residential and commercial areas. Hallam’s <br>access to expanding suburbs like Narre Warren, Berwick, and Cranbourne makes it an ideal location for <br>companies looking to optimize their logistics operations. <br><br><b>Key Features of Hallam as a Last-Mile Hub: </b><br><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Distance to Melbourne: Approximately 35 kilometres southeast. </span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Proximity to Key Suburbs: Close to rapidly growing areas like Narre Warren, Berwick, and </span></p></li></ul>Cranbourne, increasing demand for logistics services. <br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Transport Networks: Connected by the Monash Freeway, Princes Highway, and EastLink, </span></p></li></ul>ensuring quick delivery times across Melbourne. <br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Industrial and Commercial Growth: Hallam’s industrial areas continue to attract both national </span></p></li></ul>and international companies, cementing its role in the supply chain for Melbourne’s southeast. <br><br><b>Lifestyle Benefits of Hallam</b> <br><br>1. Affordable Living: Hallam offers more affordable housing compared to inner Melbourne <br>suburbs, making it attractive for families and young professionals. The area has a mix of modern <br>townhouses, family homes, and apartments, catering to various needs. <br><br>2. Recreation and Green Spaces: Despite its industrial activity, Hallam provides green spaces <br>such as the Hallam Valley Trail and nearby parks. These areas offer residents a chance to enjoy <br>the outdoors and unwind from the hustle and bustle of industrial life. <br><br>3. Access to Coastal and Mountain Getaways: Hallam’s location offers easy access to the <br>beautiful Mornington Peninsula and Phillip Island, perfect for coastal escapes. Additionally, the <br>Dandenong Ranges provide scenic views and hiking trails for outdoor enthusiasts. <br><br>4. Educational and Healthcare Infrastructure: Hallam is well-serviced by schools and healthcare <br>facilities, including Chisholm Institute and local medical centers, making it a convenient place <br>for families and professionals. <br><br>As Melbourne’s southeast continues to grow, Hallam’s role as a logistics and industrial hub, combined <br>with its affordability, green spaces, and lifestyle benefits, makes it an increasingly attractive location for businesses and residents alike.
Additional Location Information File<p style=""><span style="font-weight:normal;">Founded in 1988, </span><b>Industrial Rubber Supplies (IRS) Pty Ltd</b><span style="font-weight:normal;"> is a leading Australian supplier and stockist of high-quality rubber products, hardware, sealants, and tapes, serving industries across Australia, New Zealand, and international markets. With </span><b>over 35 years of experience</b><span style="font-weight:normal;">, IRS has built a strong reputation for quality, reliability, and innovation, making them a highly secure and stable tenant.</span></p><br><b>A Well-Established National Business</b><br><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;"><p style="display:inline;"><span style="font-weight:normal;color:rgb(51, 51, 51);font-style:normal;">Multiple Locations – IRS operates offices and distribution centers in Melbourne, Brisbane, and Perth, ensuring efficient nationwide service.</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="font-weight:normal;color:rgb(51, 51, 51);font-style:normal;">Diverse Industrial Client Base – IRS supplies essential components to industries including manufacturing, transport, construction, mining, and electrical engineering.</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="font-weight:normal;color:rgb(51, 51, 51);font-style:normal;">Extensive Product Range – Specializing in rubber extrusions, foam tapes, gas struts, locks, hinges, and custom-engineered solutions, IRS plays a critical role in supply chains across various sectors.</span></p></li></ul><br>🔗 <b>More Info:</b> <a style="color:rgb(44, 123, 208);display:inline;" href="https://www.indrub.com.au/"><u>www.indrub.com.au</u></a><span></span>
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Address | Total [Land] NLA | Rent $/sqm 29 Rimfire Drive, Hallam | [1,836] 1,112 | $159/sqm 15/43-63 Princes Highway, Dandenong South | 3,365 | $136/sqm 224 Atlantic Drive, Keysborough | [3,200] 2,061 | $156/sqm 24 Park Drive, Dandenong | [5,000] 1,114 | $161/sqm 1-11 Knowles Road, Dandenong South | [6,300] 3,177 | $156/sqm 14/43-63 Princes Highway, Dandenong South | 3,985 | $139/sqm 46-50 Lonsdale Street, Dandenong | [6,500] 3,375 | $192/sqm 6-8 Fiveways Boulevard, Keysborough | [6,172] 3,200 | $181/sqm 5 Fowler Road, Dandenong South | [6,087] 2,810 | $130/sqm 17 Attenborough Street, Dandenong | [910] 560 | $145/sqm 39 Popes Road, Keysborough | 534 | $139/sqm
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<b>Financial Metrics</b><br><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;font-weight:bold;"><p style="display:inline;"><span style="font-weight:normal;color:rgb(51, 51, 51);font-style:normal;">Purchase Price:</span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> </span><span style="font-weight:normal;color:rgb(51, 51, 51);font-style:normal;">$3,200,000</span></p></li><li style="list-style-image:none;font-weight:bold;"><p style="display:inline;"><span style="font-weight:normal;color:rgb(51, 51, 51);font-style:normal;">Rent Net:</span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> </span><span style="font-weight:normal;color:rgb(51, 51, 51);font-style:normal;">$176,800 per annum + GST</span></p></li><li style="list-style-image:none;font-weight:bold;"><p style="display:inline;"><span style="font-weight:normal;color:rgb(51, 51, 51);font-style:normal;">Yield Net:</span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> </span><span style="font-weight:normal;color:rgb(51, 51, 51);font-style:normal;">5.52%</span></p></li></ul><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;font-weight:bold;"><p style="display:inline;"><span style="font-weight:normal;color:rgb(51, 51, 51);font-style:normal;">Purchase Rate (on GLA):</span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> </span><span style="font-weight:normal;color:rgb(51, 51, 51);font-style:normal;">$2,878/sqm</span></p></li><li style="list-style-image:none;font-weight:bold;"><p style="display:inline;"><span style="font-weight:normal;color:rgb(51, 51, 51);font-style:normal;">Purchase Rate (on Land):</span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> </span><span style="font-weight:normal;color:rgb(51, 51, 51);font-style:normal;">$1,745/sqm</span></p></li><li style="list-style-image:none;font-weight:bold;"><p style="display:inline;"><span style="font-weight:normal;color:rgb(51, 51, 51);font-style:normal;">Rent / sqm (on GLA):</span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> </span><span style="font-weight:normal;color:rgb(51, 51, 51);font-style:normal;">$159/sqm</span></p></li></ul><br><b>Property Features</b><br><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;font-weight:bold;"><p style="display:inline;"><span style="font-weight:normal;color:rgb(51, 51, 51);font-style:normal;">Land Area:</span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> </span><span style="font-weight:normal;color:rgb(51, 51, 51);font-style:normal;">1,836sqm</span></p></li><li style="list-style-image:none;font-weight:bold;"><p style="display:inline;"><span style="font-weight:normal;color:rgb(51, 51, 51);font-style:normal;">Building Area:</span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> </span><span style="font-weight:normal;color:rgb(51, 51, 51);font-style:normal;">1,112sqm<br>Warehouse Area:</span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> </span><span style="font-weight:normal;color:rgb(51, 51, 51);font-style:normal;">818sqm<br>Office Area:</span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> </span><span style="font-weight:normal;color:rgb(51, 51, 51);font-style:normal;">294sqm</span></p></li><li style="list-style-image:none;font-weight:bold;"><p style="display:inline;"><span style="font-weight:normal;color:rgb(51, 51, 51);font-style:normal;">Car Spaces:</span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> </span><span style="font-weight:normal;color:rgb(51, 51, 51);font-style:normal;">18 on-site parking spaces</span></p></li><li style="list-style-image:none;font-weight:bold;"><p style="display:inline;"><span style="font-weight:normal;color:rgb(51, 51, 51);font-style:normal;">Frontage:</span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> </span><span style="font-weight:normal;color:rgb(51, 51, 51);font-style:normal;">Modern industrial design with excellent access</span></p></li><li style="list-style-image:none;font-weight:bold;"><p style="display:inline;"><span style="font-weight:normal;color:rgb(51, 51, 51);font-style:normal;">Signage:</span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> </span><span style="font-weight:normal;color:rgb(51, 51, 51);font-style:normal;">Strong exposure within Hallam’s established industrial precinct</span></p></li><li style="list-style-image:none;font-weight:bold;"><p style="display:inline;"><span style="font-weight:normal;color:rgb(51, 51, 51);font-style:normal;">Fit-Out:<br>High-clearance warehouse with 8.2m internal clearance<br>Modern office space with quality amenities</span></p></li><li style="list-style-image:none;font-weight:bold;"><p style="display:inline;"><span style="font-weight:normal;color:rgb(51, 51, 51);font-style:normal;">Power Supply:</span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> </span><span style="font-weight:normal;color:rgb(51, 51, 51);font-style:normal;">Adequate infrastructure for industrial operations</span></p></li><li style="list-style-image:none;font-weight:bold;"><p style="display:inline;"><span style="font-weight:normal;color:rgb(51, 51, 51);font-style:normal;">Lifts:</span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> </span><span style="font-weight:normal;color:rgb(51, 51, 51);font-style:normal;">No</span></p></li><li style="list-style-image:none;font-weight:bold;"><p style="display:inline;"><span style="font-weight:normal;color:rgb(51, 51, 51);font-style:normal;">Roller Doors:</span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> </span><span style="font-weight:normal;color:rgb(51, 51, 51);font-style:normal;">Yes</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="font-weight:normal;color:rgb(51, 51, 51);font-style:normal;">Zoning:</span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> </span><span style="font-weight:normal;color:rgb(51, 51, 51);font-style:normal;">Industrial 1 (IN1Z</span><span style="color:rgb(51, 51, 51);font-style:normal;"><b>)</b></span></p></li></ul>